Problem 7.18 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO7-1, LO7-2] Has Company manufactures and selis one product. The following information pertains to each of the compary's first three years of operatiens: During its first year of operations, Haas produced 60,000 units and seld 60,000 unas. During its second year of operations, 4 produced 75,000 units and sold 50,000 units. In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price of the company's product is $58 per unit. Required: 1. Compute the compary's break-even point in unit sales: 2. Assume the company uses variable costing: a. Compute the unit preduct cost for Yoar 1, Yoar 2, and Yoar 3. b. Prepare an income statement for Year 1, Yoar 2, and Yoar 3 3. Assurse the company uses absocption costing a. Compute the una product cost for Year 1, Year 2, and Yoar 3. b. Prepare an income statement for Yoar 1, Yoar 2, and Year 3